Adjuster pro final exam - Study guides, Class notes & Summaries

1 AIC 30 EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ First Party Focus Correct Answer: Coverage and Amount of damage Second Party Correct Answer: Insurance Company First Party Correct Answer: Insured Third Party Correct Answer: Claimant Third Party Focus Correct Answer: Liability, Coverage, and Amount of damage Third Party Administrator (TPA) 2 Correct Answer: an organization that provides admin services associated with risk financing and insurance. The...

Adjuster Pro - Florida Certified Adjuster Glossary Exam Questions With Detailed Answers Accumulated Depreciation - Answer-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) /.Actual Cash Value (ACV) - Answer-A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) /.Adhesion - Answer-One of the charact...

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Adjuster Pro – Exam With 100% Certified Answers 2023 Accumulated Depreciation - CORRECT ANSWER-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - CORRECT ANSWER-A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - CORRECT ANSWER-One of the characteristics of an i...

PRO-ADJUSTER FINAL TEST. ACTUAL EXAM {GRADED A+}. // 2024 AUGUST LATEST UPDATE. // VERIFIED ANSWERS. // NEW EXAM!!! NEW EXAM!!! Amy needs more floor space in her antique furniture store, so she buys a storage building 3 miles away. She is worried about keeping the furniture in the storage building safe, so she puts in an alarm system and smoke detectors. By purchasing the alarm system and smoke detectors, Amy is practicing: - ANS- risk reduction. Six Stars Development Company has...

that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must not: A. Promptly investigate the claim. B. Follow the laws regarding the number of days in which to commence an investigation. C. Deny the claim until a fair and prompt investigation has commenced. D. Pay the claim within a reasonable num...

TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM - CORRECT ANSWER-Subtract the deductible from covered damages to get indemnification - CORRECT ANSWER-6 unique characteristics of insurance policy 1 Contracts of adhesion (court ez win) 2 Utmost good faith 3 aleatory 4 personal 5 Unilateral (only insurer has obligation) 6 Conditional - CORRECT ANSWER-1945 regulate insurance Naic doesn't give benefits to comissioners 90 day to pay hijacking only covere...

Claims Adjuster Final Exam Questions With Correct Answers An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - answerThe insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - answerA Promise The interest of the insured and all other persons in the property involved in a claim is found in - answerA Proof of Loss An insured rear-ends another driver's vehicle. The auto policy that pays damages to repair ...

FLORIDA 6-20 ALL LINES ADJUSTER EXAM TEST QUESTIONS A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - CORRECT ANSWER-B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above - CORRECT ANSWER-A. Field Report States have adopted statutes regarding claims adjusting. To av...

ADJUSTER PRO 2 EXAM 2023/2024 Agent - CORRECT ANSWER-one who recieves the authority to act on behalf of someone else Sales Agent - CORRECT ANSWER-receives authority to sell -authority given by written contract Insurance Adjuster - CORRECT ANSWER-receives authority to settle claims brought against the insurer - authority given by written contract Three major responsibilities of contracted agents - CORRECT ANSWER-1. follow the contract 2. always use reasonable judgement & care 3....